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LYNE v. ARTHUR ANDERSEN & CO.

No. 91 C 1885.

772 F.Supp. 1064 (1991)

Daniel S. LYNE, Trustee for Paul Maton, P.C., et al., Plaintiffs, v. ARTHUR ANDERSEN & CO., et al., Defendants.

United States District Court, N.D. Illinois, E.D.

September 4, 1991.

Attorney(s) appearing for the Case

Charles W. Barkley, Charlotte, N.C., and Paul J. Maton, Chicago, Ill., for plaintiffs.

Robert F. Forrer, Quinton F. Seamons, Keith J. Shuttleworth, Burke, Wilson & McIlvaine, Chicago, Ill., for Arthur Andersen & Co.

Robert A. Holstein, Thayer C. Torgerson, Holstein, Mack & Klein, James E. Bowser, Steve B. Zaboji, Needle in a Haystack, Inc. and George J. Myrick, Chicago, Ill., for defendants.

MEMORANDUM OPINION AND ORDER

CONLON, District Judge.

This purported class action1 filed on behalf of a pension trust and ten individuals (collectively, "plaintiffs") charges the following defendants with violating the Securities Act of 1933: Needle in a Haystack, Inc. ("Needle"), Arthur Andersen & Co. ("Arthur Andersen"), James E. Bowser, Steve B. Zaboji, and George J. Myrick. The amended complaint also charges Needle

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